Retailers up the rewards on branded credit cards

As credit card interest rates continue to rise, retailers are offering new rewards programs to ensure that customers will continue to shop and use cards.

According to a recent report from CreditCards.com, about one-third of the 65 cards in the survey added value to their rewards program in the past year.

Retail credit card use is at an all-time high, with consumers feeling the pressure from the lost 25% average APRs. Only 10 of the 65 cards surveyed offering APRs less than the general average of 16.15%. In 2017, one card company hit the 30% APR for the first time.